NVIDIA Corporation (NASDAQ:NVDA) Reports Strong Financial Growth and Strategic Ecosystem Investments
NVIDIA Corporation (NASDAQ:NVDA) reported revenue of $82 billion, representing an 85% year-over-year increase, with data center revenue reaching $75 billion. The company's non-GAAP gross margin stood at 75.0%, and the administration announced a guidance of $91 billion plus or minus 2% for the upcoming quarter. CFO Colette Kress stated that the company effectively allocated capital across R&D, ecosystem investments, and share repurchases, returning a record $20 billion to shareholders while executing strategic investments. The company also reported free cash flow of $49 billion, which funded a $20 billion return to shareholders and an $80 billion share repurchase authorization. Jim Cramer noted that while critics view the company's investments in partners like Anthropic as circular financing, the company's strong cash generation allows it to maintain a fortress-like financial position. The company also reported that the price of renting an H100 has risen 20% year-to-date, supporting a thesis of hardware durability. NVIDIA Corporation (NASDAQ:NVDA) closed at $217.55 per share on August 28, 2026.
Sources
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